Rising up thanks to policy loans

(QNO) - From policy credit capital, many poor and near-poor households in Nui Thanh have boldly borrowed capital to renovate their houses, develop production, and gradually stabilize their economy.

Ms. Nguyen Thi Thanh Tung was able to borrow 20 million VND to repair her dilapidated house. Photo: DONG YEN

Build a new home with preferential loans

In mid-May, at the transaction point of Tam Anh Nam commune, the Transaction Office of the Social Policy Bank (CSXH) of Nui Thanh district disbursed a loan to remove temporary and dilapidated houses for Ms. Nguyen Thi Thanh Tung's household in Diem Pho village (Tam Anh Nam commune). With a loan of 20 million VND and the couple's savings over many years, Ms. Khanh's family had enough resources to build a new house to replace the old, dilapidated house.

Ms. Nguyen Thi Thanh Tung said that both husband and wife are old and weak, living on the policy money for war invalids and sick soldiers, so even though the house is leaking and the walls are leaking, they still cannot be repaired. "Now that we have received support for a loan with a low interest rate, we are determined to make our home more solid. Every day, the family will save money in the piggy bank to pay the monthly interest and when we have enough money, the family will pay it all off," Ms. Tung said.

Mrs. Tung's house is in the process of completion. Photo: DONG YEN

[ VIDEO ] - Ms. Nguyen Thi Thanh Tung (Diem Pho village, Tam Anh Nam, Nui Thanh):

The loan program to eliminate temporary and dilapidated houses according to Decision No. 873/QD-UBND dated April 4, 2025 of the Provincial People's Committee is being widely implemented throughout the province. And to spread the policy and help people access capital, the Provincial Bank for Social Policies has issued specific instructions. Accordingly, support loans of up to 40 million VND for new construction, 20 million VND for house repair with an interest rate of only 3%/year, flexible loan term of up to 15 years.

In Nui Thanh, the District Social Policy Bank Transaction Office has proactively coordinated with local authorities and entrusted socio -political organizations to quickly disburse funds, helping people soon stabilize their housing.

“After the review process, the whole district has 10 households eligible for loans with a total demand of 240 million VND and will soon be disbursed in 2025,” said Mr. Le Van Loi - Deputy Director of the Transaction Office of the Social Policy Bank of Nui Thanh district.

The total outstanding loan balance in Nui Thanh is 728,368 billion VND with over 13,276 households still in debt. In the photo: A monthly transaction session at the commune of the Social Policy Bank of Nui Thanh district. Photo: Nui Thanh Social Policy Bank

Opportunity for the poor to rise

Not only stopping at eliminating temporary houses, social credit capital also plays a key role in supporting livelihoods, developing production, creating jobs for people in Nui Thanh, especially poor households, near-poor households, ethnic minority households, and vulnerable groups in society.

In 2024 and the first 4 months of 2025 alone, the total capital entrusted through the District Social Policy Bank has disbursed up to 325,484 billion VND with 6,780 households borrowing. By the end of April 2025, the total outstanding debt reached 728,368 billion VND, more than 13,000 households are still using the loan capital. Notably, the overdue debt rate is only 0.05%, showing the efficiency and high awareness of capital use of the people.

Mr. Le Van Loi affirmed: “This success is thanks to the close coordination between the bank and socio-political organizations, Party committees and authorities at all levels. In particular, closely following the spirit of Directive No. 39-CT/TW has helped raise awareness and responsibility in implementing social policy credit at the local level.”

Directive No. 39-CT/TW issued by the Central Party Secretariat on October 30, 2024 aims to improve the effectiveness of social credit in the new period. This is a follow-up to Directive 40-CT/TW, continuing to affirm the important role of policy credit in the socio -economic development strategy for the 2021-2030 period, especially in implementing national target programs on sustainable poverty reduction and new rural construction.

The Transaction Office of the Social Policy Bank of Nui Thanh District organized training for associations, unions and management boards of savings and loan groups in communes. Photo: Nui Thanh Social Policy Bank

In recent times, organizations such as the Women's Union, Farmers' Association, Youth Union... have not only entrusted loans but also actively promoted, organized transparent review meetings, and supervised the borrowing and capital use process. Many typical models in production development from loans have been replicated, contributing to increasing income, improving life, and gradually helping people escape poverty and become rich legitimately.

In the coming time, Nui Thanh district will continue to promote propaganda, improve the capacity of the staff of associations, unions, savings and loan groups, improve the quality of inspection and supervision work, and guide the effective use of capital. At the same time, strengthen coordination between banks, associations, unions and the government to effectively implement credit policy programs associated with sustainable development, ensuring social security...

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“Preferential loans not only help people settle down but also open up many career opportunities, in the spirit of “leaving no one behind” in the local development process. Therefore, we must strive to bring the policy into life, in accordance with the spirit of Directive No. 39-CT/TW”

Mr. Le Van Loi - Deputy Director of Transaction Office of Social Policy Bank, Nui Thanh District

Source: https://baoquangnam.vn/vuon-len-nho-von-vay-chinh-sach-3155858.html